5paisa to acquire 100% stake in Giskard Datatech for about 121.57 crore
5PAISA · price
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5paisa Capital board approved acquiring 100% of Giskard Datatech, a data analytics and AI firm with FY25 turnover of Rs 15.75 crore. Deal worth up to Rs 121.57 crore via cash for 58.68% stake and share swap at 1:31 ratio for 37.65% stake, issuing 20.50 lakh new shares. Giskard will become wholly owned subsidiary, boosting research and analytics capabilities on 5paisa's platform. Postal ballot planned; completion targeted in 6 months.
Adds AI and analytics capabilities to platform. Share dilution of about 4.19% from new shares issued via swap. Cash outflow up to Rs 121.57 crore.